Key Asean economies will be among the few globally to show impressive growth this year, as the world economy slips into slower growth or a recession, according to a recently published report by one of the largest banks in Southeast Asia – Singapore-headquartered United Overseas Bank (UOB). “Fundamental factors are supportive of [key] Asean economies […]
Read MoreSINGAPORE: Asia’s manufacturers remained under pressure in December as activity continued to contract under the weight of slowing global demand. Several purchasing managers indexes were in negative territory across the region. The S&P Global PMI reading for Vietnam fell to 46.4 points from 47.4 in November, its lowest reading since September 2021. A reading above 50 […]
Read MoreREAL estate investment volumes will continue to contract by 5 to 10 per cent in 2023 after declining 25 per cent year on year. This forecast is due to “tumultuous” economic and financing conditions weighing on sentiment, said JLL on Tuesday (Dec 20). “Optimism driven by the idea of the pandemic coming to an end […]
Read MoreHONG KONG – Stronger Asia-Pacific mergers and acquisitions activity next year depends on improving macroeconomic conditions, after 2022 deals were held at eight-year lows by financing costs, weak equity markets and China’s pandemic controls, dealmakers said. Deals are set to revive slowly as companies and funds watch out for easier macroeconomic conditions, they said. Hopes […]
Read MoreCambodia may soon have an Asean Chamber of Commerce that will provide a platform for businesspeople and professionals from the region living in the Kingdom, apart from local businesses, to exchange ideas and views and also to help the country to attract more Foreign Direct Investment (FDI). This was disclosed to Khmer Times by Eric Lim, the […]
Read MoreMANILA, Philippines — The Philippines is seen emerging as the fastest growing economy among member countries of the Association of Southeast Asian Nations (ASEAN) over the next two years, according to DBS Bank Ltd. of Singapore. In a report, Chua Han Teng, economist at DBS, said the Philippines is expected to book the highest gross […]
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